Wednesday, 2 August 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 02 AUGUST 2017

Ref.Soya oil trading range for the day is 647-663. Ref soyoil ended with losses tracking weakness in spot demand on higher stockpiles in domestic market. Around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed. As per government data, area under soybean crop across the country for the 2017-18 kharif was 84.6 lakh hectares till last week. At the Indore spot market in Madhya Pradesh, soyoil was steady at 643.1 Rupees per 10 kgs.